First Analysis

First Analysis is a firm that both invests in and advises growth-focused business-to-business technology companies. Its work rests on in-depth sector research, which it uses to guide entrepreneurs, companies and their investors. It has operated for more than 40 years.

What First Analysis offers

• Venture capital — invests in B2B tech companies and stays involved alongside them.
• Transaction advisory — acts as financial adviser on sales, growth financings and other deals, from preparation through negotiation.
• Strategic guidance — helps partners set pricing, position their offer and size their market.
• Governance and pay advice — covers governance structures, compensation plans and KPI reporting.
• Introductions — connects partners with investors, acquirers, board members and senior hires.

Who it works with

Entrepreneur-driven, high-growth technology companies; a past deal involved a healthcare access services company.

Key facts

• Based in: Chicago, USA
• Founded: 1981
• Approach: the firm is the largest investor in its own funds